Fatima Gulzar
1 min read
In This Article:
Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is among the 11 Best Copper Stocks to Buy Now. It has obtained a Letter of Interest from the US Export-Import Bank, confirming potential debt financing of up to $825 million for the development of its Santa Cruz Copper Project in Arizona. The loan would be given out for 15 years as part of EXIM’s Make More in America campaign, which seeks to fortify key domestic mineral supply chains.
A miner in a safety helmet examining a mineral core sample in a laboratory.
Ivanhoe Electric Inc. (NYSEAMERICAN:IE) owns all of the Santa Cruz Copper Project, which is situated on private property and supports American strategic objectives to safeguard domestic copper supplies. Initial construction is anticipated in H1 2026, and the corporation is progressing engineering and permitting efforts. On-site production of pure copper cathodes will enable the project to serve the energy, defense, and infrastructure sectors in the United States.
Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is also looking into additional sources of assistance, such as Section 45X tax credits and EXIM’s Supply Chain Resilience Initiative. The project is being led by Fluor Inc., and a preliminary feasibility study is scheduled for June 2025. Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is one of the best copper stocks.
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